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Private group seen circling Chrysler

Reuters reports that U.S. buyout firm Blackstone Group is showing an interest in Chrysler which effectively went up on the blocks after DaimlerChrysler Chief Executive Dieter Zetsche announced last month ago that "all options were open."
Reuters today cited a a person familiar with the situation as saying said the private equity group has approached Chrysler and been granted access to its books in preparation for a possible bid.
But Reuters said he source said there was no guarantee that the firm, already an investor in Germany's Deutsche Telekom, would make an offer for Chrysler.
Blackstone, which is majority owner of TRW Automotive and formerly an investor in American Axle and Manufacturing declined to comment. And Zetsche gave reporters at the auto show in Geneva no details on the status of the Chrysler's status.

Posted by   at 10:05 AM | Permalink

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